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RIA Novosti

Business

Russia's narrow monetary base down $3.8 bln to $179 bln in week

Topic: Global financial crisis

11:10 26/09/2008
MOSCOW, September 26 (RIA Novosti) - Russia's narrowly-defined monetary base stood at 4,459.1 billion rubles ($179 billion) as of September 22, down 96.7 billion rubles ($3.8 billion) in the week from September 15, the Central Bank of Russia (CBR) said Friday.

According to the Bank, the monetary base (narrow definition) consists of the currency issued by the bank, including cash in vaults of credit institutions, and required reserves balances on ruble deposits with the Central Bank.

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